Shares of EV trucks and charging infrastructure provider Atlis Motor (NASDAQ:AMV) are rising today after the company expanded its agreement with AUSEV. It has now received an expanded order from the latter for 270 1.5MW charging stations.
These stations will support the earlier order of 19,000 XT pickup trucks from AUSEV.
Further, the two companies are also looking at a possible production of battery cells in Australia where the trucks and stations will be deployed.
Atlis shares have been on a wild ride since the company’s recent listing and the stock price has already climbed nearly 80.5% over the past five days.
Is Atlis Motor a Good Investment?
While Wall Street is yet to put its sights on Atlis, news sentiment over the past seven days reveals neutral sentiment for the stock as compared to a more Bullish sentiment for the sector.
This implies a weakening momentum in the stock after its recent run-up.
Read full Disclosure
